eGP System

Scope of Verification and Valuation

a). Defold Mine Pvt Ltd

i) Active mining equipment and vehicles

ii) Inventory (ore stockpiles, consumables)

iii) Intangible assets (licenses, exploration rights)

iv) Office furniture and ICT infrastructure

b). Kamitivi Tin Mine (KTM)

i) Tin processing plant and machinery (non-operational)

ii) Mine houses and infrastructure

iii) Historical inventory and stores

iv) Any other

c). Transminerals Pvt Ltd

Any other assets available

d) Recommendations

Mining titles and dormant assets must be reviewed for legal validity, impairment indicators, and valuation basis.

External valuation is recommended for high-value mining infrastructure and geological assets to ensure fair value compliance.

Requests

i) Perform asset valuation for KTM, i.e. Mine houses at KTM, Plant and Equipment at KTM, and Bulawayo KTM house. Produce two reports — one for 2023 and another for 2024.

ii) Valuation of Defold Mine company assets producing two reports — one for 2023 and another for 2024.

iii) Establish the value of exploration done at Todal mine and any other available assets.